PT Indocement Tunggal Prakarsa Tbk (PITPY) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 7.38 means the share price is 7.38 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $1.01B is the value of all shares combined. Beta 0.28: the stock has moved about 72% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerPT Indocement Tunggal Prakarsa Tbk (PITPY) trades at $2.95. PT Indocement Tunggal Prakarsa Tbk, based in Indonesia, is a major manufacturer of cement and ready-mix concrete. Market cap: $1.01B, Sector: Basic materials.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for PITPY: PITPY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PITPY against Basic Materials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
PITPY: 2/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
PT Indocement Tunggal Prakarsa Tbk (PITPY) Materials & Commodity Exposure
PT Indocement Tunggal Prakarsa Tbk, an Indonesian-based construction materials company, manufactures and distributes cement and ready-mix concrete. With a diverse product portfolio including Portland and white cement, the company serves both domestic and international markets. Its established brands and integrated operations position it competitively within the Indonesian construction sector.
What Is the Investment Thesis for PITPY?
PT Indocement Tunggal Prakarsa Tbk presents an investment opportunity within the Indonesian construction materials sector. The company's established market position and diverse product range, including various cement types and ready-mix concrete, provide a stable revenue base. With a P/E ratio of 7.38 and a dividend yield of 4.77%, the company offers potential value and income. Growth catalysts include increasing infrastructure development in Indonesia and expanding demand for residential and commercial construction. However, investors may want to evaluate potential risks such as fluctuations in raw material prices and currency exchange rates.
Based on FMP financials and quantitative analysis
PITPY Key Highlights
Market capitalization of $1.01B reflects the company's substantial presence in the Indonesian construction materials market.
- Profit margin of 11.1% indicates efficient operations and effective cost management.
- Gross margin of 32.8% demonstrates the company's ability to maintain profitability across its product lines.
- Dividend yield of 4.77% provides an attractive income stream for investors.
- Beta of 0.28 suggests lower volatility compared to the overall market, potentially offering stability during economic fluctuations.
Who Are PITPY's Competitors?
PITPY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AFMJF Alphamin Resources Corp. | $1.05 | -1.41% | $1.35B | 499-signal |
| NCKAF Nickel Asia Corporation | $0.08 | 0.00% | $1.10B | — |
| PSGTF PT Semen Indonesia (Persero) Tbk | $0.07 | 0.00% | $471M | — |
| STTSY The Straits Trading Company Limited | $20.37 | -0.00% | $9.20B | — |
| CPAC Cementos Pacasmayo S.A.A. | $12.57 | +0.72% | $1.08B | 875-pillar |
| LOMA Loma Negra Compañía Industrial Argentina Sociedad Anónima | $10.09 | -0.30% | $1.18B | 585-pillar |
| MCEM The Monarch Cement Company | $265.04 | -1.10% | $692M | 459-signal |
| TGLS Tecnoglass Inc. | $37.98 | -0.87% | $1.68B | 635-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are PITPY's Key Strengths?
Established brand reputation and market leadership in Indonesia.
- Integrated operations from raw material extraction to product distribution.
- Diverse product portfolio catering to various construction needs.
- Strong financial performance with consistent profitability.
What Are PITPY's Weaknesses?
Exposure to fluctuations in raw material prices.
- Dependence on the Indonesian construction market.
- Vulnerability to currency exchange rate volatility.
- Limited presence in international markets compared to global competitors.
What Could Drive PITPY Stock Higher?
Government infrastructure spending in Indonesia continues to drive demand for cement and ready-mix concrete.
- Potential interest rate cuts by the central bank could stimulate construction activity (2026-Q3).
- Increasing urbanization and residential construction in Indonesia's major cities are boosting demand.
- Launch of new sustainable cement products could attract environmentally conscious customers (2026-Q4).
What Are the Key Risks for PITPY?
Fluctuations in raw material prices, such as coal and limestone, could impact profitability.
- Currency exchange rate volatility between the Indonesian Rupiah and the U.S. Dollar can affect ADR value.
- Increased competition from local and international cement manufacturers could erode market share.
- Regulatory changes and environmental policies could increase compliance costs.
- Economic slowdown in Indonesia could reduce construction activity and demand for cement.
What Are the Growth Opportunities for PITPY?
- Expansion of Ready-Mix Concrete Production: The ready-mix concrete market in Indonesia is expected to grow alongside urbanization and infrastructure projects. PT Indocement can expand its production capacity and distribution network to capitalize on this demand, targeting a larger share of the ready-mix concrete market. This expansion could increase revenue by 10-15% over the next three years, driven by increased construction activity in major cities.
- Increased Export Sales: PT Indocement can focus on increasing its export sales to neighboring countries in Southeast Asia. The demand for cement in countries like Vietnam, the Philippines, and Myanmar is growing due to infrastructure development. By leveraging its existing production capacity and distribution network, the company can tap into these markets and boost its export revenue. This strategy could increase export revenue by 20% within the next five years.
- Development of Sustainable Cement Products: With increasing environmental awareness, there is a growing demand for sustainable building materials. PT Indocement can invest in research and development to create eco-friendly cement products that reduce carbon emissions and utilize recycled materials. This will attract environmentally conscious customers and enhance the company's brand image, leading to increased market share and revenue growth. The market for green cement is projected to grow by 8-10% annually.
- Strategic Acquisitions: PT Indocement can pursue strategic acquisitions of smaller cement and ready-mix concrete companies in Indonesia. This will allow the company to expand its market share, increase its production capacity, and gain access to new distribution channels. Acquisitions can also provide synergies and cost savings, improving the company's overall profitability. The company could target companies with strong regional presence.
- Investment in Digitalization: PT Indocement can invest in digital technologies to improve its operational efficiency and customer service. This includes implementing advanced manufacturing processes, using data analytics to optimize production, and developing online platforms for customers to order and track their shipments. Digitalization can reduce costs, improve productivity, and enhance customer satisfaction, leading to increased revenue and profitability. Digital transformation initiatives are expected to reduce operational costs by 5-7%.
What Threats Does PITPY Face?
- Intense competition from local and international cement manufacturers.
- Economic slowdown in Indonesia affecting construction activity.
- Government regulations and environmental policies impacting cement production.
- Geopolitical risks and trade tensions affecting international sales.
What Are PITPY's Competitive Advantages?
- Established brand reputation with well-known brands like Tiga Roda, Rajawali, and Duracem.
- Integrated operations, including cement production, ready-mix concrete, and aggregate quarries.
- Extensive distribution network across Indonesia and international markets.
- Strong relationships with key customers in the construction industry.
What Does PITPY Do?
Founded in 1975 and headquartered in Jakarta, Indonesia, PT Indocement Tunggal Prakarsa Tbk has grown to become a leading manufacturer of cement and ready-mix concrete. The company operates through three primary segments: Cement, Ready-Mix Concrete, and Aggregates Quarries. Indocement offers a wide array of cement products, including Portland composite, Portland type I, II, and V, oil well, white, and TR30 white mortar cement, marketed under the Tiga Roda, Rajawali, and Duracem brands. Beyond cement, the company produces ready-mix concrete and manages aggregate quarries, extracting clay, limestone, and trass. Indocement's operations also encompass shipping, excavation, electricity supply, waste management, and labor supply services. As a subsidiary of Birchwood Omnia Limited, Indocement leverages its integrated operations and established brands to maintain a strong presence in the Indonesian construction materials market, serving both domestic and international customers.
What Products and Services Does PITPY Offer?
- Manufactures and sells various types of cement, including Portland composite, Portland type I, II, and V, oil well, and white cement.
- Produces ready-mix concrete for construction projects.
- Operates aggregate quarries, extracting clay, limestone, and trass.
- Provides shipping services for its products.
- Engages in excavation activities.
- Supplies electricity.
- Offers waste management and disposal services.
- Provides labor supplier services.
How Does PITPY Make Money?
- Manufactures cement and ready-mix concrete products.
- Sells products to construction companies, infrastructure developers, and individual customers.
- Generates revenue through domestic and international sales.
- Operates aggregate quarries to supply raw materials for cement production.
What Industry Does PITPY Operate In?
PT Indocement Tunggal Prakarsa Tbk operates within the Indonesian construction materials industry, which is influenced by infrastructure development, urbanization, and economic growth. The industry is competitive, with key players including Semen Indonesia and other regional manufacturers. Market trends include a growing demand for sustainable building materials and advanced construction technologies. PT Indocement benefits from its established brand reputation and integrated operations, positioning it to capitalize on increasing construction activities in Indonesia and the broader Southeast Asian region.
Who Are PITPY's Key Customers?
- Construction companies involved in residential, commercial, and infrastructure projects.
- Infrastructure developers building roads, bridges, and other public works.
- Individual homeowners undertaking renovation or construction projects.
- Government agencies involved in public infrastructure development.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in IDR, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 48 |
| 2026-08-26 | 48 |
| 2026-08-29 | 48 |
| 2026-09-01 | 48 |
| 2026-09-04 | 48 |
| 2026-09-07 | 48 |
| 2026-09-10 | 48 |
What changed?
The score has stayed at 48.
Over the same 18 days the stock moved +0.0%.
Financial Health
PT Indocement Tunggal Prakarsa Tbk's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.31 places it in the safe zone, indicating low near-term bankruptcy risk.
Key Financial Metrics
Return on equity for PT Indocement Tunggal Prakarsa Tbk stands at 10.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 7.2%, showing how much profit it generates from its asset base. PITPY trades at a trailing price-to-earnings ratio of 7.38, below the Basic Materials sector average of ~21.40x. Its free cash flow yield is 17.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.67 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 16.7%, the inverse of the P/E and a quick read on earnings relative to price.
PT Indocement Tunggal Prakarsa Tbk (PITPY) Valuation Context
Valued at $1.01B, PITPY is classified as a small-cap stock.
PITPY Revenue & Earnings Trend
In Q2 FY2026, PITPY generated $266.1M in top-line revenue, marking a sequential increase of 20.4%. The company recorded net income of $21.6M, with diluted EPS of $0.07. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Basic Materials. Across the four most recent quarters, PITPY averaged $0.10 in diluted EPS.
Company Profile
PT Indocement Tunggal Prakarsa Tbk operates in the Construction Materials industry within the Basic Materials sector. It is headquartered in Jakarta, ID. The company is led by CEO Christian Kartawijaya. PITPY has traded publicly since 2011.
PITPY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Established brand reputation and market leadership in Indonesia.
- Integrated operations from raw material extraction to product distribution.
- Diverse product portfolio catering to various construction needs.
- Strong financial performance with consistent profitability.
Bear Case
- Exposure to fluctuations in raw material prices.
- Dependence on the Indonesian construction market.
- Vulnerability to currency exchange rate volatility.
- Limited presence in international markets compared to global competitors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $266M | $22M | $0.07 |
| Q1 FY2026 | $221M | $12M | $0.04 |
| Q4 FY2025 | $271M | $67M | $0.20 |
| Q3 FY2025 | $278M | $32M | $0.10 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from IDR at today's rate
PITPY Latest News
No recent news available for PITPY.
PITPY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for PITPY.
Price Targets
Wall Street price target analysis for PITPY.
PITPY MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for PITPY; grades run from A+ (80-100) to F (below 30).
Leadership: Christian Kartawijaya
CEO
Christian Kartawijaya serves as the CEO of PT Indocement Tunggal Prakarsa Tbk, leading a workforce of 4,539 employees. His career spans various leadership roles within the cement and construction materials industry. He brings extensive experience in strategic planning, operational management, and business development. His educational background includes advanced degrees in engineering and business administration, providing a strong foundation for his executive responsibilities.
Track Record: Under Christian Kartawijaya's leadership, PT Indocement has maintained its market-leading position in Indonesia. Key achievements include successful capacity expansions, improved operational efficiency, and enhanced sustainability initiatives. He has also overseen the implementation of digital technologies to modernize the company's operations and improve customer service. His strategic decisions have contributed to the company's consistent profitability and growth.
PT Indocement Tunggal Prakarsa Tbk ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company that trades on U.S. stock exchanges. PITPY is a Level 1 ADR, meaning it trades over-the-counter (OTC) without the same stringent SEC reporting requirements as listed companies. This allows U.S. investors to invest in PT Indocement Tunggal Prakarsa Tbk more easily.
- Home Market Ticker: Indonesia Stock Exchange (IDX), Jakarta, ID
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: PITP
PITPY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited or no financial disclosure, making it difficult for investors to assess their financial health and operational performance. Unlike companies listed on major exchanges like the NYSE or NASDAQ, OTC Other companies do not have to meet minimum listing standards or comply with strict reporting requirements. This increases the risk for investors due to the lack of transparency and regulatory oversight.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in PITPY.
- Low trading volume and wide bid-ask spreads can make it difficult to buy or sell shares.
- Lack of regulatory oversight increases the risk of fraud or mismanagement.
- Price volatility due to limited liquidity can result in significant losses.
- Dependence on the Indonesian market exposes the company to economic and political risks.
- Verify the company's registration and legal status in Indonesia.
- Obtain and review the company's financial statements, if available.
- Research the company's management team and their track record.
- Assess the company's competitive position in the Indonesian cement market.
- Evaluate the company's exposure to currency risk and commodity price fluctuations.
- Understand the regulatory environment in which the company operates.
- Monitor news and developments related to the company and the Indonesian economy.
- Established operations in the Indonesian cement market.
- Subsidiary of Birchwood Omnia Limited, providing some level of oversight.
- Presence in the construction materials industry since 1975.
- Production and distribution of cement and ready-mix concrete products.
PITPY Basic Materials Stock FAQ
Is PITPY a good stock?
Stock Expert AI does not rate PITPY buy, sell or hold. PT Indocement Tunggal Prakarsa Tbk has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about PITPY stock?
Analyst coverage of PITPY stock is limited due to its OTC listing. However, key valuation metrics include a P/E ratio of 7.38 and a dividend yield of 4.77%.
What are the main risks for PITPY?
The main risks for PT Indocement Tunggal Prakarsa Tbk include fluctuations in raw material prices, such as coal and limestone, which can impact profitability. Currency exchange rate volatility between the Indonesian Rupiah and the U.S. Dollar can affect the value of its ADR.
What are the key factors to evaluate for PITPY?
Evaluate PITPY on fundamentals, analyst consensus, and risk factors. P/E: 7.38x vs the S&P 500's ~20-25x. With a P/E ratio of 7.38 and a dividend yield of 4.77%, the company offers potential value and income. Not financial advice.
How frequently does PITPY data refresh on this page?
PITPY's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven PITPY's recent stock price performance?
PT Indocement Tunggal Prakarsa Tbk (PITPY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established brand reputation and market leadership in Indonesia. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider PITPY overvalued or undervalued right now?
PT Indocement Tunggal Prakarsa Tbk (PITPY) trades at 7.38x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of PITPY?
Yes, most major brokerages offer fractional shares of PT Indocement Tunggal Prakarsa Tbk (PITPY) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market data may be less reliable than exchange-listed data.
- Analyst coverage may be limited due to the company's OTC listing.
- Financial data is based on available information and may not be fully comprehensive.